Variance analysis homework problem

Aug 10th, 2014
Anonymous
Category:
Accounting
Price: $20 USD

Question description

1.  Sally’s Delivery Company reports the following information for 2013:

Actual:

Output:

10,000 parcels picked up or delivered

Fuel required:

1,200 Gallons

Cost per gallon:

$3.05 per gallon

Standard:

Fuel allowed:

0.10 gallon per parcel picked up or delivered

Cost per gallon:

$3.10 per gallon

REQUIRED:

Calculate the following:

1)

Variable overhead variance for fuel

2)

Variable overhead price variance for fuel

3)

Variable overhead efficiency variance for fuel

4)

Actual fuel costs

5)

Flexible budget for fuel cost


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